Newspaper Editorials

27 Apr

Posted at 10:36h in Newspaper Editorials

MUC Oil & Gas Consultancy to carry out design for Middle East Tanking Solutions

The UAE’s MUC Oil & Gas Consultancy is carrying out the front-end engineering and design (feed) work for a new petrochemicals storage tank terminal in Fujairah.

The project’s client Middle East Tanking Solutions (METS) is planning to construct a petrochemicals tank terminal, a jetty pipeline and associated facilities at the Gulf state’s east coast oil storage hub.

METS is expected to float the engineering, procurement and construction (EPC) tender for the project in 2014.

Sharjah-based MUC has carried out feed and consultancy contracts for several major storage schemes in Fujairah over recent years. Read more

Source : MEED Magazine

27 Apr

Posted at 10:25h in Newspaper Editorials

IOT Infrastructure & Energy Services to build $82m facility in the UAE

India’s IOT Infrastructure & Energy Services has been awarded a contract to build an estimated $82m oil storage facility in Fujairah, UAE.

The estimated $82m engineering, procurement and construction (EPC) contract was awarded by UAE-based trading group Primestar Energy and India’s Instrastructure Leasing & Financial Services (IL&FS), the joint venture partners behind the scheme.

The contract was tendered in the first quarter of 2012 and the operators received commercial proposals from several contractors in May. The contract award was delayed while the operators looked for financing, which they eventually secured from a consortium of banks led by India’s Bank of Baroda in September.

The terminal will have a storage capacity of 600,000 cubic meters, which is the equivalent of 3.77 million barrels of crude oil. Sharjah-based MUC Oil & Gas Engineering Consultancy is acting as the main consultant for the project. IOT is expected to commission the terminal by mid-2014.

Fujairah is in the process of a major expansion in oil and oil products storage capacity. The emirate will benefit from the Abu Dhabi Crude Oil Pipeline (ADCOP) coming on stream in August, as well as a major refinery project in development. Read more
Source : MEED Magazine